I saw that Oanda offers some exotics but no plain straightforward options on FX spots. Similar for UBS. It is a bit surpising to me that there are not more brokers offering online FX options. It seems that professionals are doing it almost 100% over the phone.
Does anyone know...
Hey PTF, a great thread indeed. Thanks for caring enough to share the info....
I am in the process of staring incubator fund myself, mainly for the purpose of creating marketable track record. I have been trading options with similar objective that you have: consitant profits, month after...
Hi Enkidu,
You wonder how bad it is? I just had some option spreads expiry on Friday. Had 18% return for 2 months. This is not annualized return; this is return for 2 months only. Not bad, eh?
According to Societe Generale Report called "Trends in e-FX Options Market" published in August 2007, electronic trading in FX options is estimated to account for USD42 billion of average daily volume in 2007 and may reach USD 100 bn by 2010. But that is only about 20% of average daily...
I have a hard time finding brokers for Options on Fx spot. So far it seems only SaxoBank offers it - even CityFx does not have options on currencies yet!!!!!
On the other hand, volume on Fx futures option is so thin and spreads thus pretty high that it is most of the time a dangerous...